CIO

SEPTEMBER 29, 2023

As I work with financial services and banking organizations around the world, one thing is clear: AI and generative AI are hot topics of conversation. In the finance and banking industry, however, organizations are seeking extra guidance on the best way forward. Regulatory compliance. In short, yes. But it’s an evolution.

Generative AI 332

Generative AI Banking Artificial Inteligence Organization 332

OTS Solutions

JUNE 21, 2023

However, as more organizations rely on these applications, the need for enterprise application security and compliance measures is becoming increasingly important. Breaches in security or compliance can result in legal liabilities, reputation damage, and financial losses.

Compliance 130

Compliance Enterprise Applications Software Review 130

Firemon

FEBRUARY 27, 2024

Retail Cybersecurity A Shift in Retail IT Security What’s at Stake? The Role of FireMon in Retail Cybersecurity Why Choose FireMon? Retailers , in particular, are attractive targets due to large repositories of customer data and often inadequate security measures. in late March of this year with 63 new requirements.

Retail 52

Retail Compliance Technical Review Scalability 52

CIO

AUGUST 22, 2022

Along with nearly every other industry, banking is facing greater competitive pressure than ever. As banks continue to face this reality, they’re also tasked with addressing a variety of rapidly changing issues, including those surrounding data protection, adoption of cryptocurrency, and anonymizing data (AI models). .

Banking 289

Banking Authentication Mobile Cloud 289

CIO

MAY 16, 2023

When the chief banking officer of a $10.3B community bank visited a competing super-regional branch in her suburban New Jersey neighborhood, she noticed something troubling. Set amid an open floor plan, the stacks of files left sensitive customer information—business and personal, loans and deposits—available for all to see 1.

Banking 222

Banking Artificial Intelligence Artificial Inteligence Compliance 222

CIO

FEBRUARY 23, 2024

From a cybersecurity perspective, how has been 2023? Very eventful year as far as cybersecurity is concerned. This continued emergence of cloud environments has greatly affected application development and their associated security architectures. What are the top three challenges security leaders will face in 2024?

Generative AI 259

Generative AI Technical Review Systems Review IoT 259

TechCrunch

JULY 29, 2022

As for Kompliant’s second co-founder, Brad Wiskirchen, he was chairman of the board at the Federal Reserve Bank of San Francisco and a member of the interdepartmental working group on finance and technology at the International Monetary Fund. ” Image Credits: Kompliant. . ” Image Credits: Kompliant.

Compliance 212

Compliance Company Banking Retail 212

CIO

APRIL 25, 2023

Today’s consumers are accustomed to smooth, frictionless online shopping – and they increasingly expect the same kind of digital experiences from their banks. consumers use mobile banking channels, and 70% said mobile banking is now their primary way of accessing their accounts. “Most people do not want to go into a bank to do banking.

Banking 246

Banking Machine Learning Artificial Inteligence Azure 246

TechCrunch

APRIL 1, 2021

Every tech vendor has to pass security muster with customers, typically a tedious activity involving answering long questionnaires. He knew firsthand from his experience at Kinvey that companies like his had to adhere to a lot of compliance standards, and the idea for the next company began to form in his head.

Compliance 229

Compliance Banking Metrics Cloud 229

CIO

OCTOBER 26, 2022

Digitalization is a double-edged sword for banks, especially when it comes to security. As interactions and transactions become more interconnected, even the simplest processes like opening a new account or making a balance transfer become riddled with security concerns.

Authentication 237

Authentication Banking Data Software Review 237

Lacework

JANUARY 17, 2024

Lacework is proud to present our second annual group of 50 CISOs to Watch, a compilation of the most visionary and effective cybersecurity leaders in the industry. In a field driven by constant change, what sets a cybersecurity leader apart? With new cybersecurity regulations like the U.S.

Security 132

Security Technical Review Meeting Technical Advisors 132

TechCrunch

MAY 12, 2023

This creates increased regulatory scrutiny, with the risk of massive fines for non-compliance. Or, the UK’s Financial Conduct Authority fining GT Bank £7.8m Or, Solaris , the German Bank-as-a-Service (BaaS) provider slapped with a restriction to not onboard any future clients without government approval. for AML failures.

Fintech 246

Fintech Banking Compliance Enterprise 246

TechCrunch

DECEMBER 1, 2022

Two months ago, the Securities and Exchange Commission (SEC) said it had fined 16 Wall Street firms more than $1.1 billion for “widespread recordkeeping failures” regarding maintaining electronic communications, contravening federal securities laws. Keeping up.

Compliance 184

Compliance Banking Meeting Company 184

CIO

NOVEMBER 13, 2023

Whether it’s buying groceries, making a bank transfer, or booking a flight, the mainframe is powering how consumers interact with organizations and is behind millions of transactions that take place every day. This means the security of the mainframe is absolutely essential. Read on to learn their perspective on mainframe security.

Compliance 286

Compliance Survey Education Training 286

CIO

SEPTEMBER 14, 2022

Does your organization need to improve security and upgrade its IT infrastructure? These priorities are in response to an ever-evolving business and security landscape. How to balance security with resiliency. These implementations have also led to security gaps and vulnerabilities. If so, you’re not alone.

Compliance 229

Compliance Policies Exercises Budget 229

TechCrunch

JUNE 9, 2022

cybersecurity startup CybSafe , a “behavioral security” platform, raised a $7.9 This SaaS product with a per-user-based, subscription licensing model has a “behavior-led” platform that manages people-related security. In other words, it uses behavioral science and data analytics to help employees be more cybersecurity aware.

Culture 185

Culture Training Compliance Banking 185

CIO

OCTOBER 31, 2023

It’s no secret that banks and fintech companies must meet compliance and regulatory standards that are much stricter than what traditional tech companies are forced to comply with. The question becomes: How do you meet strict regulatory and compliance standards while keeping up with the rapid pace of innovation in technology?

Fintech 356

Fintech SDLC Company Compliance 356

TechCrunch

AUGUST 29, 2022

However, it differentiated itself by committing to payments on social media platforms, which Nigerian digital bank Carbon was interested in when it acquired the startup in 2019. As such, banking-as-a-service platforms see an opportunity to provide more personalized services and flexibility at less cost.

Banking 232

Banking Fintech Compliance Scalability 232

TechCrunch

MARCH 29, 2023

It’s been a particular challenge for the financial services industry, which has comparatively strict governance and compliance requirements. Securities and Exchange Commission (SEC) fined Wall Street banks, including Bank of America and Goldman Sachs, $1.8 In September, the U.S.

Compliance 200

Compliance Technical Review VOIP Banking 200

CIO

MARCH 18, 2024

But while there’s plenty of excitement and change underway, security risks and vulnerabilities have continued to follow right alongside that innovation. But what exactly does this policy mean for IT security? And how can businesses ensure they’re ready? So, who needs to adhere to DORA?

Disaster Recovery 263

Disaster Recovery Technical Review Systems Review Software Review 263

Sunflower Lab

MARCH 25, 2024

Power BI, a powerful business intelligence tool by Microsoft, offers a vast number of security features and dashboards to ensure data protection, compliance, and risk mitigation. Power BI Security Dashboards provide organizations with the tools needed to monitor, manage, and enhance the security of their data assets.

Security 52

Security Compliance Healthcare Policies 52

TechCrunch

JANUARY 26, 2023

Prior to now, Hawk AI had raised $10 million , and with a fresh $17 million in the bank, the company said that it plans to bolster its product development and global expansion plans. Compliance officers need to have transparency over both.” And this is where Hawk AI is setting out its stall.

Banking 240

Banking Compliance Machine Learning Artificial Inteligence 240

TechCrunch

MARCH 11, 2023

Excitingly, it’ll feature new stages with industry-specific programming tracks across climate, mobility, fintech, AI and machine learning, enterprise, privacy and security, and hardware and robotics. Venture firms advised portfolio companies to move money out of SVB after the bank said it would book a $1.8 Don’t miss it.

ChatGPT 234

ChatGPT Banking Enterprise Artificial Inteligence 234

CIO

OCTOBER 17, 2022

In fact, one of the world’s most far-reaching cybersecurity regulations for financial services and their supply chains is a done deal. It’s designed to strengthen the security of EU financial firms, such as banks, insurance companies, investment firms and more, by imposing resilience requirements and regulating the supply chain.

Security 255

Security Compliance Enterprise Budget 255

Perficient

FEBRUARY 22, 2023

Perficient is looking forward to bringing our unique combination of automation technical know-how along with financial services and payments industry expertise to the Banking Automation Summit in Charlotte, North Carolina on March 2-3. Banks are using AI to analyze large amounts of data, make predictions, and automate complex processes.

Banking 111

Banking Trends Artificial Inteligence Blockchain 111

TechCrunch

MAY 8, 2023

and leader of the firm’s National Security Team, counsels clients in the technology/software industry on the full range of issues arising under economic sanctions and export control regulations. Western sanctions against Russia: Tips for tech companies managing compliance risk by Walter Thompson originally published on TechCrunch

Technical Review 221

Technical Review Compliance Software Review Company 221

Infinidat

MARCH 7, 2024

Cybersecurity Regulations and Reporting in USA and EU Adriana Andronescu Thu, 03/07/2024 - 05:28 In 2024, businesses are coming under tighter compliance and cybersecurity reporting by government bodies in both the USA and EU countries. added to the 8-K, to disclose any cybersecurity incident. There is a new item 1.05

Report 68

Report Malware Storage Machine Learning 68

Palo Alto Networks

DECEMBER 12, 2023

Rising Cost and Complexity of Compliance As the cyberthreats facing financial institutions (FIs) continue to grow, financial regulators have responded with new or updated regulations to address data protection, data security, cyber hygiene, third-party risk and operational resilience.

Security 83

Security Compliance Banking Technical Review 83

TechCrunch

JANUARY 13, 2022

Over the past two years, since the pandemic hit, there has been a sharp rise in financial crime compliance costs, nearing $50 billion in 2021 , up 58% compared to 2019, in the U.S. It will also ramp up the development of its communication compliance platform. . and Canada.

Compliance 200

Compliance Artificial Intelligence Artificial Inteligence Banking 200

CIO

JULY 11, 2022

Three-quarters (74%) of banks experienced a rise in cyber crime since the pandemic began in 2019. However, for many financial services organizations, security and agility traditionally haven’t been mutually achievable—oftentimes, one was sacrificed for the other. Learn more about Comcast Business Secure Network Solutions.

WAN 270

WAN Agile Firewall Policies 270

TechCrunch

MARCH 24, 2022

Vast amounts of information improve banks’ ability to support customers, but financial institutions must know how to use it. Today’s banking customer is in serious need of guidance from banks, whether it’s about spending, saving, borrowing, planning or all of the above. Key pain points for modern banks.

Banking 173

Banking Data Fintech Compliance 173

CIO

FEBRUARY 20, 2024

When performing whatever minimal due diligence the cloud platform permits — SOC reports, GDPR compliance, PCI ROC, etc. I don’t see a downside in asking for that,” says Brian Levine, managing director of cybersecurity for Ernst & Young. it’s critical to remember that it is only a snapshot at that moment of evaluation. Probably not.

Enterprise 303

Enterprise Strategy Cloud Technical Review 303

CIO

MARCH 13, 2023

While banking and finance organizations have aggressively moved workloads and apps to the cloud to meet changing customer needs, some remain hesitant to tackle modernization of core infrastructure and systems, fearing a disruption to the business. You have to be innovative, but in a secure way.

Banking 130

Banking Artificial Inteligence Cloud AWS 130

TechCrunch

OCTOBER 8, 2021

a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance,” has raised $16 million in a Series A round of funding led by CM Ventures. From a product architecture standpoint, Productfy has been built “from the ground up,” he said, to operate with multiple banking partners. Productfy Inc. ,

Technical Review 292

Technical Review Development Team Review Banking Fintech 292

Perficient

DECEMBER 18, 2023

In the fast-paced realm of finance, the significance of regulatory risk and compliance management practices cannot be overstated. This blog post delves into the pivotal role these practices play in ensuring the stability and success of financial institutions and banks. The Role of Regulatory Risk and Compliance 1.

Compliance 111

Compliance Banking Insurance Guidelines 111

Perficient

MARCH 30, 2023

Recently, I attended the 2023 Bank Automation Summit , where one of the significant topics of discussion was how banks navigate their transition to the cloud. Security Traditionally, information was said to be most secure when separated and segmented. For many, this means starting their journey using microservices.

Banking 115

Banking Cloud Technical Review Microservices 115

Perficient

DECEMBER 22, 2023

To help shed light on this matter, Perficient’s Financial Services Risk and Regulatory Center of Excellence (CoE) researched the topic extensively and discovered that the Office of the Comptroller of the Currency (OCC) has classified AI as an emerging risk to the banking industry.

Artificial Intelligence 52

Artificial Intelligence Artificial Inteligence Banking Compliance 52